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June 4, 2010

BMR Morning Market Musings From Rouyn-Noranda

From Rouyn-Noranda, Quebec (7:30 am eastern time):

We are departing for the Granada Gold Property early this morning, nearly a couple of hours prior to the market open…the key market-moving event today could be U.S. non-farm payrolls which will be released at 8:30 am eastern time…Gold is showing some more weakness today and as of 7:30 am has slipped just under $1,200 an ounce…BMR first uncovered Gold Bullion Development (GBB, TSX-V) nearly 6 months ago and its stock price has increased 6-fold since that time…however, especially after our first two days here in Rouyn, we can firmly state that we are more bullish than ever on the prospects for this company…when the masses start discovering Gold Bullion, which undoubtedly they will and likely quite soon, the current share price of 42.5 cents will be looked upon in our view as an incredible bargain and ground floor opportunity…there is a sense of urgency with GBB, confirmed in our interview yesterday with Frank Basa, in terms of getting assay results for Phase 2 drilling which is a positive sign…drilling is proceeding at a rate of at least 200 metres a day and an all-out assault on the east-northeast extension and beyond is underway…the drill rig that just arrived is doing in-fill definition drilling within the Preliminary Block Model with Gold Bullion determined to deliver a preliminary NI-43-101 resource estimate by year-end…the possibility of the LONG Bars Zone stretching out several kilometres to the east is very real given historical information on Granada…in short, this has all the makings of a possible HUGE bulk tonnage, open-pit deposit surrounded by all the necessary infrastructure in the world’s #1 jurisdiction for mining and exploration…when the masses catch on to what’s unfolding here, look out…in 25 years of investing, this is truly one of the most exciting situations I’ve ever seen…on the first edition of BullMarketRun TALK yesterday, our technical analyst stated, “It (Gold Bullion) looks extremely good.  I don’t know another stock on the CDNX which looks as strong”…this is not hype or wishful thinking…Granada is the real thing and it would be a mistake to underestimate the significance of what Gold Bullion is in the process of discovering and developing…we urge investors to do their due diligence as well on a company by the name of Manitou Gold (MTU, TSX-V) which obtained a highly prospective package of properties in northwestern Ontario from Goldcorp Inc. (G, TSX)…Manitou is well-funded with approximately $2 million cash in the bank and is in the process of completing a $3 million flow-through financing at 75 cents…they are currently drilling the former Big Master Mine on their Kenwest Property, 50 kilometres southwest of Dryden within the historic Gold Rock Mining Camp…Manitou was just listed on the Venture Exchange three  months ago, so this is still a well-kept secret…liquidity in the stock will no doubt improve as the word gets out…Goldcorp currently has a 15% stake in Manitou which has 22 million shares oustanding…the stock closed yesterday at 49 cents…

1 Comment

  1. I am impressed by ur big work those last days.

    Sorry for my english.

    Thanks

    Comment by Marc — June 4, 2010 @ 10:34 am

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